Pre Market Intraday Ideas !!

Buy Reliance Cap

Buy BEL

Sell Cairn

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Positive & Nagative Breakouts

Positive Breakouts

Sesa Goa
Cipla
Maruti Suzuki
HUL
Great Offshore

Negative Breakouts

HDFC
Jsw Steel
Indian Hotels
IDBI Bank
Lupin

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Nifty (2767) Sup 2720 Res 2815

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सेन्सेक्स (9066.70) -357.54 अंक गिरकर, नीफ़्टी (2766.65) -108.20 अंक गिरकर, बंद..

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Our target completed in Aban Futs

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Our GSPL Futs is going strong. Book profit partially in the stock

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High risk traders short PNB Feb Fut at Rs392.5 with SL of Rs398 for target of Rs380

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European markets update: FTSE Index down 1.2% and DAX Index down 1.3%

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Sell Aban Feb Fut at Rs496 with SL of Rs510 for target of Rs470

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Bajaj Auto Jan sales at 132,348 units (down 31%)

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Buy GSPL Feb Fut at Rs31.50 with SL of Rs30 for target price of Rs34.

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Maruti Jan Sales at 71,779 units (up 5%)- reports

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High risk traders buy & hold Neyveli Lignite between Rs82-83 with SL of Rs78.3 for target of Rs90, 92

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Sell LIC Housing Finance Feb Futs between Rs222-219 with SL of Rs229 for target of Rs205

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Jindal Steel & Power

Shares of Jindal Steel & Power surged by over 13% to Rs1037 after the company posted a net profit of Rs3251.7mn for the quarter ended December 31, 2008 as compared to Rs3190.5mn for the quarter ended December 31, 2007.

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Tata Power

Shares of Tata Power ended flat at Rs761. The company posted a net profit after tax of Rs1.01bn (down 48%) for the quarter ended December 31, 2008 as compared to Rs1.97bn for the quarter ended December 31, 2007.

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Castrol India and Gujarat State Petronet will declare their results today.

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Positive & Nagative Breakouts

Positive Breakouts

GSPL
National Alumin
Ranbaxy Labs
Patni Computer
ITC

Negative Breakouts

BHEL
Suzlon Energy
Sun Pharma
GAIL India
Ashok Leyland

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Pri Market Commentary ...

Today, we expect some softening after last week’s stellar gains.The bulls and most investors may been happy with last week’s gains. For the month, US stock indices (except Nasdaq) had their worst January on record, with the Dow losing 8.8%. Back home though, the Sensex and the Nifty fell by 2-3% in January. Still, one should not allow complacency to set in, as the outlook remains bleak. Much of the fears, relating to the health of the western financial systems and its global ramifications are still in place.

A raging debate is underway on whether a bad bank be created to take toxic debt from troubled banks. While US President Barack Obama seems to be in favour of the plan, others like Joseph Stiglitz bag to differ. Obama’s much-hyped new stimulus is also facing stiff opposition from Republicans. Senate will take up the bill this week. Global markets will be on edge this week ahead of monthly US jobs data.

No big events are due in India for the time being. Politics will dominate headlines over the next few months.Markets might drift lower in the coming week with the US economy contracting at the fastest pace in nearly three decades in the fourth quarter of last year sentiments continue to remain weak.

FIIs were net sellers in the cash segment on Friday at Rs641.5mn

FIIs were net sellers in the cash segment on Friday at Rs641.5mn (provisional) while the local institutions pumped in Rs3.98n. In the F&O segment, the foreign funds were net buyers at Rs668.2mn. On Thursday, FIIs were net buyers at Rs2.75bn in the cash segment.

Pre Market Ideas !!

Buy Hero Honda

Sell Aurobindo Pharma

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Pre Market Intraday Ideas !!

Buy Axis Bank
Buy Reliance Infra

Buy ICICI Bank

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NIFTY (2,875) SUP 2,840 RES 2,923

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सेन्सेक्स (9424.24) 187.96 अंक चढ्कर, नीफ़्टी (2874.85) 50.90 अंक चढ्कर, बंद..

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European markets update:FTSE Index up 0.2%, CAC Index down 0.1% and DAX Index down 0.4%

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Aban Offshore Q3 group net sales at Rs837cr

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Aban Offshore Q3 Group profit at Rs256c

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LT Q3 profit at Rs1520cr, includes one time gain of Rs916cr

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Aban Offshore Q3 profit at Rs56.8cr

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High risk traders buy JP Associates between Rs72-73 with SL of Rs68.5 for target of Rs77, 79

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High risk traders buy Suzlon Feb Futs at Rs46-46.50 with SL of Rs42 for a target of Rs52-53

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Long Nifty 2800 Feb PUT at Rs132 or less with SL of Rs115 for target of Rs160

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BHEL bags order worth Rs7000cr

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Short ICICI Bank Feb Futs between Rs397-394 with SL of Rs408 for target of Rs380, 376

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Delivery Call : Buy Bajaj Hind on dips around 47.90 -54.90 for short term target of Rs67.90 and plus

Delivery Call : Buy Bajaj Hind at Rs 47.90-54.90 sL 41.90

Target 64.90 ,67.90 plus.Hold for 30 Days.

We are short in DLF from Rs225 for target Rs154.90

Sell DLF Feb Fut at 167.90 wit stop loss171.90

hold for target Rs 154.90 & below...

Suzlon Energy

Suzlon Energy clarified that the company or its subsidiaries had not planned

to embark upon any such investment.

The company clarified for the news regarding investment by Suzlon to an extent of Rs500bn in Steel projects. The stock ended down 3% to Rs44.6 hitting an intra-day high of Rs48.3 and a low of Rs43.8 and recorded volumes of over 1,00,00,000 shares on BSE.

Pri Market Commentary...

Today, we see the market extending Thursday’s fall at start. Thereafter, the key indices may turn rangebound and sideways. The Feb. futures are trading at a steep discount. F&O data confirms the widely held view that the two-day rally was led by short-covering. Though local funds are trying their best to lend their hand in keeping sentiment better, lack of buying from FIIs continues to play spoilsport. For FIIs to make a beeline for Indian stocks again, risk aversion needs to subside. This can only happen when the global economy bounces back from the current slump. When this will happen is anybody’s guess. But nobody’s guessing as yet. In a nutshell, there are still a lot of uncertainties for the market to start rising on a sustainable basis.

The latest earnings season, both locally and globally, has been bad, and things could get uglier going forward. Though short-term bear market spurts are not completely ruled out, trade carefully, as these are choppy times.

FIIs were net sellers in the cash segment on Thursday at Rs846.4mn

FIIs were net sellers in the cash segment on Thursday at Rs846.4mn (provisional) while the local institutions pumped in Rs5.8bn. In the F&O segment, the foreign funds were net buyers at Rs10.69bn. On Wednesday, FIIs were net buyers at Rs252mn in the cash segment.

Nifty (2824) Sup 2780 Res 2870

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Pre Market Ideas !!

Sell Ranbaxy

Sell DLF

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Pre Market Intraday Ideas !!

Buy ACC
Sell Reliance Capital

Sell BHEL

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Bharat Forge

Bharat Forge surged by over 7% to close at Rs85. The stock hit an intra-day high of Rs88.3 and a low of Rs80 and recorded volumes of over 2,00,000 shares on BSE.

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Satyam

Shares of Satyam Computers plunged by over 10% to Rs49.8 after 27mn equity shares of the company changed hands on the NSE. Almost 4% of the company’s equity was traded in a huge block.

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Key Results Today:

Aban Offshore, Adani Enterprises,

Adlabs, Alok Industries, Amtek Auto,

Amtek India, Ansal Infra,

Apollo Hospitals, Asian Hotels,

Aurobindo Pharma, Balrampur Chini,

BEML, BF Utilities, Bharati Shipyard,

Bombay Dyeing, CEAT, Colgate Palmolive,

Deccan Chronicle, Dredging Corp.,

DS Kulkarni, Essar Shipping,

Finolex Industries, GHCL, Gillette India,

GNFC, Gujarat Industries Power,

Hindalco, IFCI, Indiabulls Real Estate,

IOC, IOB, Indraprastha Gas,

IVRCL Infra, Jain Irrigation,

Kalpataru Power, KEC International,

Lanco Infra, L&T, MTNL,

Maharashtra Seamless, Moser Baer,

Mundra Port, National Fertilizers,

OBC, Patel Engineering, Pfizer India,

PNB, PVR, Renuka Sugars, Siemens,

SRF, Sun Pharma, Tata Motors,

Tata Tea, Titan, Trent and Welspun Gujarat.

Positive & Nagative Breakouts

Positive Breakouts

Sterlite Ind
Cipla
Colgate-Palmoliv
Idea Cellular
Unitech

Negative Breakouts

L&T
Tata Steel
Educomp Solution
Ashok Leyland
Chambal Ferti

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सेन्सेक्स (9236.28) -21.19 अंक गिरकर, नीफ़्टी (2823.95) -25.55 अंक गिरकर, बंद..

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High risk traders short Orchid Chem Feb Futs at Rs76 with SL of Rs78 for target of Rs72

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Indian Hotels Q3 forex loss of Rs6cr

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Indian Hotels Q3 profit at Rs83cr (down 38%)

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European markets update: FTSE Index down 0.8%, CAC Index down 0.9% and DAX Index down 0.6%

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Maruti Q3 profit at Rs214cr (down 54%) and sales at Rs4510cr (down 3%)

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We reiterate Short on Ster Feb FUTS between Rs264-260 with SL of Rs274 for target of Rs246, 241

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India revises inflation in week to Nov 22 to 8.26% from 8.4%

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India Inflation for the week ended Jan 17 was at 5.64%

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Sell Ranbaxy Feb Fut at Rs209 with SL of Rs214 for target price of Rs198

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Our target completed in Wednesdays recommendation of Reliance Capital. We are long since levels of Rs393

ONGC : Book Profit in our sell call at Rs.30

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Delivery Call : Buy Bajaj Hind at Rs 58-60 sL 52.90 Target 64.90 ,67.90 plus.Hold for 30 Days.

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Buy and hold HDFC Bank
with stop loss of 894.90
hold for target of  9
34.90 and plus

Buy Bharti Airtel with Stop Loss of Rs644.90 Target Rs669.90 and plus

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Power Grid Corp.

Power Grid Corp. announced that it signed a US$400mn loan agreement with the World Bank. The loan, guaranteed by the Indian government, will be used to fund transmission projects, the company said. The stock up by over 2.5% to Rs90 after hitting an intra-day high of Rs91.5 and a low of Rs88 and recorded volumes of over 13,00,000 shares on BSE.

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Pri Market Commentary ...

We expect the market to continue this week’s momentum. However, one should not get carried away as most of this is led by short covering. Ensure a timely exit so that one doesn't get caught on the wrong foot.In reality, the bulls seem to now be on Cloud 9. The good mood is largely due to strong global markets, which have held up despite unprecedented job cuts and poor earnings. Traders and investors alike are hoping that the much-hyped stimulus by Barack Obama will be able to achieve what the previous ones have failed to do so far. The House of Rep. has already cleared the bill. The Republicans however abstained from the vote. Plans are also afoot to put all the toxic assets into a so-called “bad bank” in a bid to shore up the credit markets. Obama’s team may announce the outlines of its plan next week.

Back home, the Government has announced another fuel price cut. The move will cheer automakers, consumers and the markets. But, shares of Oil PSUs may take a knock. Inflation will be announced today. It is likely to fall after a minor blip. The fuel price cut will take it down further.


Markets would look to extend gains again however, trading might turn volatile on account of F&O expiry. While, on the global front, the Federal Reserve will make an announcement later today after its two-day meeting.

Sesa Goa

Sesa Goa announced that shareholder, Sociedade De Fomento Industrial Pvt. Ltd. disclosed to the Company. Sociedade De Fomento Industrial Pvt Ltd. along with M/s. Prime Mineral Export Pvt. Ltd. has acquired shares in the paid-up Share Capital of the Company exceeding 5%.

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FIIs were net sellers in the cash segment on Wednesday at Rs2.17bn

FIIs were net sellers in the cash segment on Wednesday at Rs2.17bn (provisional) while the local institutions pumped in Rs6.01bn. In the F&O segment, the foreign funds were net buyers at Rs12.33bn. On Tuesday, FIIs were net sellers of Rs2.4bn in the cash segment while Mutual Funds were net buyers at Rs273mn.

Positive & Nagative Breakouts

Positive Breakouts

Hero Honda
Sterlite Ind
Essar Oil
ITC
Infosys Tech

Negative Breakouts

Tech Mahindra
Adlabs Films
CESC
Dabur India
Bank of India

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Key Results Today:

AV Birla Nuvo, Akruti City,

Allied Digital, Andhra Bank,

Arvind, Bajaj Hindusthan,

BILT, BOB, BPCL, BHEL,

BL Kashyap, Britannia,

Cairn India, Dena Bank,

DCB, Dishman Pharma,

Elecon, EMCO, GMR Infra,

GMDC, GSFC, Havells India,

Indian Hotels, IDFC, Ingersol,

IRB Infra, Jindal Steel, Lupin,

Madras Cement, Maruti,

Mercator Lines, Monnet Ispat,

Neyveli Lignite, Nirma,

P&G, SREI Infra, Suzlon,

Tata Power, TV18 and Voltamp.

Pre Market Ideas !!

Buy HDFC Bank

Sell ONGC

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Pre Market Intraday Ideas !!

Buy R Power
Buy Bharti Airtel

Buy Tata Motors

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Nifty (2850) Sup 2805 Res 2915

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सेन्सेक्स (9257.47) 253.39 अंक चढ्कर, नीफ़्टी (2849.50) 78.15 अंक चढ्कर, बंद..

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Our high risk Buy Today Sell Tomorrow call: Buy Jindal Steel & Power between Rs913-917

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Tata Steel Q3 net sales at Rs4740cr (down 5%)

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Tata Steel Q3 profit at Rs466cr (down 56%)

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European markets update: FTSE Index up 1.1%, CAC Index up 1.8% and DAX Index up 1.9%

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JSW Steel Q3 net loss of 128cr

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United Phos Q3 net profit at Rs64.6cr (up 41%)

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Our Morning call sell call of Lupin,Target completed.

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Welspun Gujarat wins order worth Rs500cr

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High risk traders short Aban Feb Futs at Rs450-447 with SL of Rs462 for target of Rs428

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Buy & hold Maruti between Rs545-548 with SL of Rs538 for target of Rs560, 565

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FIIs were net sellers in the cash segment on Tuesday at Rs2.28bn

FIIs were net sellers in the cash segment on Tuesday at Rs2.28bn (provisional) while the local institutions pumped in Rs1.39bn. In the F&O segment, the foreign funds were net buyers at Rs13.97bn. On Friday, FIIs were net sellers of Rs3.44bn in the cash segment while Mutual Funds too pulled out Rs2.06bn.

Pri Market Commentary ..

Today,the key indices could turn choppy after a slightly positive start. Volatility could be higher ahead of F&O expiry. Stock specific and sector centric action remains the order of the day. Satyam will remain in the limelight as the new board has appointed advisors in its desperate search for a strategic suitor. There is also the possibility that the final bidder could get waiver from SEBI on mandatory open offer. Despite the RBI’s inaction on interest rates, the market managed to post solid gains. This was largely due to firm trend across global markets.

The snow may start melting though as Tuesday’s momentum may not continue today.On the global front, the Federal Reserve will make an announcement later today after its two-day meeting. There is not much it can do as interest rates have already been reduced to zero. But, what the FOMC says will be keenly followed. Meanwhile, the UK government has thrown in a lifeline for its ailing auto sector. In the US, the Obama regime is pulling out all stops to push through its ambitious stimulus package. Its clearance may provide some fillip, though it may not have a lasting impact on the markets.

Bulls would wish to carry the momentum to the next trading session. However, trading might turn more volatile ahead of Thursday’s F&O expiry.

Positive & Nagative Breakouts

Positive Breakouts

Bharti Airtel
Colgate-Palmoliv
Sterlite Ind
Cairn India
National Alumin

Negative Breakouts

SAIL
Patni Computer
Wipro
TCS
Indian Oil

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Pre Market Ideas !!

Sell Lupin

Sell Cent Text

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Pre Market Intraday Ideas !!

Buy Reliance Capital

Sell GAIL

Sell ONGC

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Nifty (2771) Sup 2720 Res 2810

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Key Results:

Abbott India, ABG Shipyard,

Ansal Infra, Asahi India,

Ashok Leyland, Avaya Global,

Balaji Tele, Bank of Maharashtra,

BGR Energy, Bharat Bijli, Blue Dart,

CESC, Chambal Fertilizers,

Dabur India, EID Parry, Escorts,

Gail India, Gammon India, Hindustan Motors,

HPCL, HDIL, IBN 18, India Cements,

Indo Rama, Ispat Industries, J&K Bank,

JSW Steel, LMW, Matrix Labs, Max India,

NALCO, NMDC, ONGC, Orchid Corp,

Power Grid Corp,Shree Cement,

Tata Chemicals, Tata Communications,

Tata Steel, Thermax, Torrent Pharma

and United Phosphorus.

सेन्सेक्स (9004.08) 329.73 अंक चढ्कर, नीफ़्टी (2771.35) 92.80 अंक चढ्कर, बंद..

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Shares in Japan and Australia are up sharply this morning, with other Asia-Pacific markets shut on account of the Lunar New Year

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US stocks gained on Monday ..

US stocks gained on Monday, ending a volatile session higher, as investors looked beyond massive job cuts at Caterpillar and Home Depot among others and opted to snap up battered stocks.

The Dow Jones Industrial Average rose 38.50 points, or 0.5%, to 8,116.03. The Standard & Poor's 500 index added 4.6 points points, or 0.6%, to 836.57. The Nasdaq Composite index advanced 12.20 points or 0.8%, to 1,489.46.

US stocks had tumbled last week on disappointing set of earnings, continued problems for the ailing bank sector and questions about when and how the new administration will be able to engineer the economic revival.

Pri Market Ideas

Buy Union Bank

Sell McDowell

Pri Market Intraday Ideas

Buy Tata Tea

Buy Cipla

Sell LIC Housing

Positive & Nagative Breakouts

Positive Breakouts

Colgate-Palmoliv
Balrampur Chini
Hero Honda
Cipla
NTPC

Negative Breakouts

ACC
Ashok Leyland
Patni Computer
Crompton Greaves
Sun Pharma

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Pri Market Idea

Today, after another tumultuous week, and an extended weekend, the bulls are hoping for some liberation from the recent drubbing. They could have their wish granted with global markets back on their feet. The multi-billion Pfizer-Wyeth deal, coupled with encouraging report on existing home sales and leading indicators pushed US shares higher. Some soothing remarks from Barclays and ING managed to lift the sagging spirits across the Atlantic. Shares in Japan and Australia are up sharply this morning, with rest of the Asia-Pacific markets shut on account of the Lunar New Year.As a result, markets here should get strong fillip at least in early days. Later on of course, the trade will hinge on what the RBI does in its quarterly review.

Expectations of further monetary easing are relatively muted this time around. The odds on another round of aggressive rate cuts are not quite as favourable. Still, the central bank commentary will be keenly followed. The RBI is likely to slash its GDP estimate for FY09. Apart from the RBI review, the market will also keep tabs on the earnings and global developments. Trading might turn more volatile ahead of Thursday’s F&O expiry.

FIIs were net sellers in the cash segment on Friday at Rs5.23bn

FIIs were net sellers in the cash segment on Friday at Rs5.23bn (provisional) while the local institutions pumped in Rs2.04bn. In the F&O segment, the foreign funds were net buyers at Rs3.1bn. On Wednesday, FIIs were net sellers of Rs7.6bn in the cash segment while Mutual Funds too pulled out Rs2.5bn.

Nifty (2679) Sup 2635 Res 2750

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Key Results today ..

Blue Star, Birla Corp., Cadila Healthcare, Century Textiles, Corporation Bank, Cummins India, Educomp Solutions, EIH, Engineers India, Finolex Cables, GSK Consumer, Glenmark Pharma, Godrej Industries, Gujarat Alkalies, Opto Circuit, Oracle Financial, REC, Sesa Goa, SAIL, Sun TV and Zicom,Gulf Oil, HCL Infosystems, Jubilant Organosys, Monsanto India, Nagarjuna Construction.

Jai Hind